The agreement brings forward the date to start the process with Hulu, says Comcast CEO Brian Roberts at the Goldman Sachs Communacopia conference. September 30 will be new deadline for the Hulu decision, Roberts says, adding that the $27.5B figure was hypothetical, today’s Hulu value is higher. The new Hulu contract has a high appraisal value, says Roberts. The proceeds of any deal will go to shareholders, the CEO says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CMCSA:
- Comcast (NASDAQ:CMCSA) and Disney Fast-Track Hulu Negotiations
- Box Office Battle: âEqualizer 3â wins weekend with $42.3M 4-day debut
- Warner Bros.’ (NASDAQ: WBD) ‘Barbie’ and Universal’s ‘Oppenheimer’ Steal the Spotlight This Summer
- Box Office Battle: âGran Turismoâ wins weekend with $17.3M opening
- Box Office Battle: âBlue Beetleâ beats âBarbieâ with $25.4M opening